MIRA
INFORM REPORT
|
Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
DIGITAL ILLUSTRATE INC |
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Registered Office : |
542-2, Dongducheon-dong, Dongducheon-si,
Gyeonggi-do, Korea 483-080 |
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Country : |
South Korea |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
13.02.1996 |
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Com. Reg. No.: |
127-81-65587 |
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Legal Form : |
Listed Company |
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Line of Business : |
Manufacture of Measuring, Testing, Navigation, Control and Other
Precision Instruments |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
South Korea |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Basic Information
|
Company Name |
DILLI INC. (English Company Name : DIGITAL ILLUSTRATE INC.) (Ex. Company Name : DILLI PRECISION IND. CO., LTD., ““일리정공(주)”) (Korean Company Name : “(주)딜리”) |
|
Registered Address |
542-2, Dongducheon-dong, Dongducheon-si,
Gyeonggi-do, Korea |
|
Zip Code |
483-080 |
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Tel |
+82-31-860-5500 |
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Fax |
+82-31-860-5590 |
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E-mail |
oversales@dilli.co.kr |
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Website |
www.dilli.co.kr |
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Trading Address |
542-2, Dongducheon-dong, Dongducheon-si,
Gyeonggi-do, Korea |
|
Tel |
+82-31-860-5500 |
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Fax |
+82-31-860-5590 |
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Other Address-2nd Factory |
331-2, Jeonggyo-ri, Gasan-myeon,
Pocheon-si, Gyeonggi-do, Korea |
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Tel |
+82-31-543-2122 |
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Fax |
+82-31-542-8483 |
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Type |
Export/Import |
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Industry |
Manufacture of Measuring, Testing, Navigation, Control and Other
Precision Instruments |
|
Main Business |
Drafing Machine, Parallel Ruler, Template |
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Established (mm/dd/yyyy) |
02/13/1996 |
The Subject owns
the premises of registered HQ address and 2nd Factory.
Detailed Products
|
Activity |
Detailed Products (UNSPSC) |
|
Sell |
Drafting kits or sets(44111812) |
|
Sell |
Inkjet printers(43212104) |
CEO’s
|
Name |
Choi Geun-Soo |
|
Address |
Suite 103-1501, 167-1, Singok-dong,
Uijeongbu-si, Gyeonggi-do, Korea |
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Date of Birth |
09/03/1957 |
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Title |
President & CEO |
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Sex |
Male |
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Nationality |
Korean |
Profiles
|
Capital (KRW) |
2,935,000,000 |
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Employees |
71 |
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Formation |
Listed Company (KOSDAQ : 131180) as of 01/31/2011 Venture Business |
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Bank Details |
Woori Bank-Duckgye Branch Shinhan Bank |
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Corporate Registered No. |
115411-0011579 |
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Business Registered No. |
127-81-65587 |
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Permit & Licenses |
03/21/2004 ISO 9001 08/12/2004 ISO 14001 05/23/2005 FCC 05/27/2005 CE Mark 10/2009 RoHS(Restriction of Hazardous Substances Directive) Int’l Trade No.: 11381305 |
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Shareholder Position |
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Company History |
02/13/1996 Incorporated as DILLI PRECISION IND. CO., LTD. 12/08/2003 Designated as a Venture Business 11/2004 Awarded US$1 Million Export Top
Prize 11/2005 Awarded US$3 Million Export Top
Prize 11/2006 Awarded US$5 Million Export Top
Prize 11/2007 Awarded US$10 Million Export Top
Prize 11/2008 Designated as an INNO-BIZ Company 11/2008 Awarded US$20 Million Export Top
Prize 01/01/2009 Moved to the present HQ address
from 331-2,
Jeonggyo-ri, Gasan-myeon, Pocheon-si, Gyeonggi-do, Korea 03/23/2010 Changed company name to the
present name |
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Management
|
Job Description |
Title |
Name |
Sex |
Nationality |
Date of Birth |
|
President & CEO |
Mr. |
Choi Geun-Soo |
Male |
Korean |
1957.09.03 |
|
Director |
Mr. |
Lee Yeon-Koo |
Male |
Korean |
1968.07.07 |
|
Director |
Mr. |
Kim Yong-Hak |
Male |
Korean |
1972.11.17 |
|
Auditor |
M/S. |
Jung Young-Jin |
Female |
Korean |
1960.03.10 |
Financials
|
Year / Unit : KRW |
Sales |
Assets |
Net Income |
|
14,436,351,856 |
42,907,705,239 |
1,815,464,094 |
|
|
2010 |
29,250,182,476 |
28,870,082,427 |
5,180,516,985 |
|
2009 |
23,058,750,248 |
24,142,265,246 |
4,753,019,748 |
|
2008 |
25,688,949,486 |
20,218,722,689 |
6,217,649,878 |
|
2007 |
21,550,366,861 |
13,592,603,142 |
3,611,869,101 |
|
2006 |
12,852,264,750 |
8,192,732,225 |
1,372,698,665 |
(*)06/2011 ’s figures are based on the K-IFRS Accounting System.
Financial Description
|
Authorized Capital(KRW) |
40,000,000,000 |
|
Paid-Up Capital(KRW) |
2,935,000,000 |
|
Total Issued Shares |
5,870,000 |
Balance
Sheet
|
Unit :
Korean Won |
01/01/2011~06/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Total
Assets |
42,907,705,239 |
31,313,003,888 |
|
|
Current Assets |
31,594,964,271 |
20,809,521,463 |
|
|
Cash
& Cash Equivalents |
3,256,583,679 |
3,671,077,249 |
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Other
Current Financial Assets |
22,007,375,000 |
12,000,000,000 |
|
|
Trade
Receivables & Other Receivables |
3,922,710,742 |
2,628,379,661 |
|
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Inventories |
2,325,588,095 |
2,352,874,831 |
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Other
Current Assets |
82,706,755 |
157,189,722 |
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Non-Current Assets |
11,312,740,968 |
10,503,482,425 |
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Tangibles |
9,664,755,039 |
9,101,608,166 |
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Intangibles |
830,482,680 |
859,573,589 |
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Marketable
Financial Instruments |
202,330,470 |
147,060,294 |
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Investment_Subsidiaries |
168,110,200 |
0 |
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Other
Non-Current Finance Assets |
447,062,579 |
395,240,376 |
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Total Liabilities |
2,244,283,367 |
4,248,642,617 |
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Current Liabilities |
1,915,845,547 |
3,911,498,507 |
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Trade
Payables & Other Payables |
1,568,826,929 |
1,306,494,635 |
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Current
Portion of Provisions |
131,041,761 |
141,034,419 |
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Other
Current Financial Debts |
0 |
1,773,634,561 |
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Other
Current Liabilities |
19,771,164 |
36,625,588 |
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Accrued
Income Tax |
196,205,693 |
653,709,304 |
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Non-Current Liabilities |
328,437,820 |
337,144,110 |
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Deferred
Income Tax Credit |
328,437,820 |
337,144,110 |
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Capital Stock |
2,935,000,000 |
2,200,000,000 |
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Capital
Surplus |
11,478,133,370 |
-1,114,620,400 |
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Others |
-609,769 |
3,547,494 |
|
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Profit
Surplus |
26,250,898,271 |
25,975,434,177 |
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Total
Equity |
40,663,421,872 |
27,064,361,271 |
|
|
Liab.
& Shareholder’s Equity |
42,907,705,239 |
31,313,003,888 |
|
Balance
Sheet
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Total Assets |
28,870,082,427 |
24,142,265,246 |
20,218,722,689 |
|
Current Assets |
20,693,990,238 |
17,117,789,268 |
14,486,115,461 |
|
-Quick Assets |
18,341,115,407 |
14,975,342,331 |
12,339,756,333 |
|
-Inventories |
2,352,874,831 |
2,142,446,937 |
2,146,359,128 |
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Fixed Assets |
8,176,092,189 |
7,024,475,978 |
5,732,607,228 |
|
-Investment |
449,001,786 |
213,286,997 |
91,052,225 |
|
-Tangibles |
6,793,497,717 |
5,888,785,896 |
4,886,313,272 |
|
-Intangibles |
159,999,999 |
218,749,495 |
277,550,141 |
|
-Others |
773,592,687 |
703,653,590 |
477,691,590 |
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Total Liabilities |
2,084,886,746 |
1,877,586,550 |
1,937,063,741 |
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Current Liabilities |
2,084,886,746 |
1,859,878,900 |
1,894,183,741 |
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Fixed Liabilities |
0 |
17,707,650 |
42,880,000 |
|
Capital Stock |
2,200,000,000 |
2,200,000,000 |
2,200,000,000 |
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Capital Surplus |
289,599,600 |
289,599,600 |
289,599,600 |
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Profit Surplus |
24,295,596,081 |
19,775,079,096 |
15,792,059,348 |
|
Capital Adjustment |
|
|
|
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Total Equity |
26,785,195,681 |
22,264,678,696 |
18,281,658,948 |
|
Liab. & Shareholder’s Equity |
28,870,082,427 |
24,142,265,246 |
20,218,722,689 |
Income
Statement
|
Unit : Korean Won |
01/01/2011~06/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Sales |
14,436,351,856 |
|
|
|
Cost of Sold Goods |
9,566,526,141 |
|
|
|
Gross Profit |
4,869,825,715 |
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|
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R&D |
1,033,556,477 |
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|
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Selling & Admin. Expenses |
1,948,045,177 |
|
|
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Other Operating Income |
89,270,193 |
|
|
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Other Operating Expenses |
189,012,756 |
|
|
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Operating Income |
1,788,481,498 |
|
|
|
Finance Income |
393,576,403 |
|
|
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Finance Expenses |
147,543,173 |
|
|
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Income Before Taxes |
2,034,514,728 |
|
|
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Income Taxes Expenses |
219,050,634 |
|
|
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Net Income |
1,815,464,094 |
|
|
Income
Statement
|
Unit : Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Sales |
29,250,182,476 |
23,058,750,248 |
25,688,949,486 |
|
Cost of Sold Goods |
17,589,950,678 |
13,491,940,964 |
14,302,596,790 |
|
Gross Profit |
11,660,231,798 |
9,566,809,284 |
11,386,352,696 |
|
Selling & Admin. Expenses |
5,852,836,779 |
4,519,254,305 |
4,859,705,210 |
|
Operating Income |
5,807,395,019 |
5,047,554,979 |
6,526,647,486 |
|
Non-Operating Income |
898,556,991 |
1,046,806,086 |
1,352,867,773 |
|
Non-Operating Expenses |
625,582,871 |
699,004,226 |
463,597,332 |
|
Income Before Taxes |
6,080,369,139 |
5,395,356,839 |
7,415,917,927 |
|
Income Taxes Expenses |
899,852,154 |
642,337,091 |
1,198,268,049 |
|
Net Income |
5,180,516,985 |
4,753,019,748 |
6,217,649,878 |
Cash
Flows
|
Unit :
Korean Won |
01/01/2011~06/30/2011 |
As of 12/31/2010 |
As of 12/31/2009 |
|
Operating Activities Cash Flows |
625,886,505 |
|
|
|
Net
Income |
1,815,464,094 |
|
|
|
Adjustment |
308,561,209 |
|
|
|
Changes
in Asset/ & Liability |
-1,031,071,597 |
|
|
|
Interests
Received |
217,020,773 |
|
|
|
Income
Taxes |
-684,087,974 |
|
|
|
Cash
Flows from Investing |
-10,937,654,798 |
|
|
|
Cash
Flows from Financing |
9,901,533,770 |
|
|
|
Increase/Decrease
in Cash |
-414,493,570 |
|
|
|
Cash
at the Beginning of Year |
3,671,077,249 |
|
|
|
Cash
at the End of Year |
3,256,583,679 |
|
|
|
Operating Activities Cash Flows |
625,886,505 |
|
|
Cash
Flows
|
Unit :
Korean Won |
As of 12/31/2010 |
As of 12/31/2009 |
As of 12/31/2008 |
|
Cash Flows
from Operating |
4,771,532,335 |
4,252,564,295 |
6,418,419,534 |
|
-Net Income |
5,180,516,985 |
4,753,019,748 |
6,217,649,878 |
|
-Exp.
without Cash Outflow |
906,889,727 |
638,967,832 |
791,129,832 |
|
-Revenue
without Cash Inflows |
-46,005,280 |
-50,629,922 |
-140,678,861 |
|
-Changes in
Asset/ & Liability |
-1,269,869,097 |
-1,088,793,363 |
-449,681,315 |
|
Cash Flows
from Investing |
-3,871,842,308 |
-1,324,180,254 |
-8,240,471,599 |
|
-Cash Inflow
from Investing |
2,818,182 |
9,634,830 |
1,678,636 |
|
-Cash
Outflows for Investing |
-3,874,660,490 |
-1,333,815,084 |
-8,242,150,235 |
|
Cash Flows
from Financing |
-660,000,000 |
-770,000,000 |
489,599,600 |
|
-Cash
Inflows from Financing |
0 |
0 |
2,000,000,000 |
|
-Cash
Outflows from Financing |
-660,000,000 |
-770,000,000 |
-1,510,400,400 |
|
Increase/Decrease
in Cash |
239,690,027 |
2,158,384,041 |
-1,332,452,465 |
|
Cash at the
Beginning of Year |
3,431,387,222 |
1,273,003,181 |
2,605,455,646 |
|
Cash at the
End of Year |
3,671,077,249 |
3,431,387,222 |
1,273,003,181 |
Products, Technologies, Services Description
|
Main Products & Services |
UV Curing Printer Ink Drawing Instruments Brand Name : ANAPURNA, NEOTITAN, NS-PR, SK-PM |
Trade Partners & Competitors
|
Competitors |
NANO HI-TECH CO., LTD. MA-108, CHEOMDAN CIRCULATION COMPLEX,
399-8, DORYONG-DONG, YUSEONG-GU, DAEJEON, KOREA TEL:+82-42-862-0220 FAX:+82-42-861-0512 JS RESEARCH INC. 176-1, BONGAN-RI, JANGGI-MYEON, GONGJU-SI,
CHUNGCHEONGNAM-DO, KOREA TEL:+82-41-856-3677 FAX:+82-41-856-3679 YEONGIL INDUSTRIAL EQUIPMENT CO., LTD. 47-3, WONMI 1-DONG, WONMI-GU, BUCHEON-SI,
GYEONGGI-DO, KOREA TEL:+82-32-662-1141 FAX:+82-32-666-1151 |
Related Parties
(Subsidiaries,
Joint-Venture & Affiliates)
|
Affiliates |
DIGI I CO., LTD.(KOREA) |
|
Subsidiary |
DILLI TECHNOLOGY(SHANGHAI) CO., LTD.(CHINA) (100.0% held by the subject company) |
|
Cooperative Enterprise |
-Insured Company GREEN NON-LIFE INSURANCE CO., LTD.( 110111-0007082) SAMSUNG FIRE & MARINE INSURANCE CO., LTD.(110111-0005078) LIG INSURANCE CO., LTD.(110111-0017859) |
Sales by Region
(Activity &
Markets)
|
Sales/ Unit :Mil KRW |
06/2011 |
2010 |
2009 |
|
Export |
11,816 |
24,960 |
19,659 |
|
Domestic |
2,620 |
4,290 |
3,400 |
|
Total |
14,436 |
29,250 |
23,059 |
The subject deals
with the companies in France, Indonesia and Japan.
Court Action
No.
News Clipping
--
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
|
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.